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Oct 3, 2012
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now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >> i warmus in the area is climbing into the '90s but the fog will return. we will see cooler conditions and a cooling trend as we head into tomorrow. full details on what to expect this weekend coming up in just a bit. pamel >> 20 minute drive times across the span with stopping the conditions currently at the toll plaza. what you hit the bridge it is possible that until after 10:00 you could run into slow and go or stopping go conditions. the construction at the base of the high-rise will force the closure of the bridge for two consecutive weekends later this month. >> the oakland athletics at a huge win last night and that set up for this winner- take-all game for today. travis blackly allowed just one run over six innings. th
now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >> i warmus in the area is climbing into the '90s but the fog will return. we will see cooler conditions and a cooling trend as we...
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ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in the car and i let him know don't worry about it i will get you there on time. pat roland's was the man behind the wheel and today he is being held a hero in europe. profiled on the bbc even in european news anchors credited with giving mcelroy to the final cut on the final day. he was staying here at the hotel in lumbar with all of the other players from team europe and usa but unlike the other players he had gotten his schedules mixed up on sunday, just minutes before his start time at my dinaedinah he wasn't there. i started to panic. , he was safe but very late, that's when this american cop show that ev
ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in...
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lori: taxes. >> difference in taxes which is close to 18 to 19 cents. plus my profit margin at least have to be 10 to 15 cents. so i have to put out a sign outside, 5.50, or 5.55 to make money. lori: will anybody pay that in the l.a. area because people are so committed and depend on their cars? >> yes. i've been getting calls. friend coming to the station, what's going to happen? what what's going to happen? i don't have an answer for them because i don't have a answer to myself self. how will i convince the people that price will go down and when see the prices going up and up and up like no tomorrow. lori: will you start shutting your gas pumps? >> still i got about 7 to 800 gallons left at the tank. i'm hoping the price will go down but i talked to lady at refinery the she said no, prices will keep going up. if you want to wait monday, maybe. i said are you sure? i don't know. i have an answer for you too. tonight or tomorrow morning i going to shut it down. so this is first time in my lifetime. i've been in this location over 30 years. i mean shutt
lori: taxes. >> difference in taxes which is close to 18 to 19 cents. plus my profit margin at least have to be 10 to 15 cents. so i have to put out a sign outside, 5.50, or 5.55 to make money. lori: will anybody pay that in the l.a. area because people are so committed and depend on their cars? >> yes. i've been getting calls. friend coming to the station, what's going to happen? what what's going to happen? i don't have an answer for them because i don't have a answer to myself...
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tax policy center forecasts american households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict fiscal cliff will cause a new recession. interestingly all 17 believe the economy won't plunge off the cliff because they think congress will finally get its act together and do something in the lame duck session following the elections or when the new congress convenes in late january. lame in either case. but by then it could be too late for the economy because companies don't like uncertainty as you know and some say they are holding back on hiring. we can't have an economic recovery without job creation. >> so with the looming economic disaster like the fiscal cliff you would have expected the
tax policy center forecasts american households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict...
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financial networks that have all of this capital of aiding taxation we have to have a tobin tax and we'll find actual and currency transactions and we need to jack wages up in line with productivity that's something we haven't done for the past forty years labor has just not received its share of productivity consequently what we've had to do is we've had to rely on credit whether it be in the public sector or in the private sector to purchase all of the goods that we can produce it would be a travesty and i would even say it's the height of stupidity to just try incur tale demand at a time when we're not soaking up all of the productive capacity that we have already you know peter it's interesting to note already noted in this program is that the rich have just gotten richer but i don't see anything coming from them to give something back from a system that's made them so fabulously rich but no they just want to get richer and richer. you know but that's well to me what this country was based on and i think it's how else do you progress i think you know one of the things i look at
financial networks that have all of this capital of aiding taxation we have to have a tobin tax and we'll find actual and currency transactions and we need to jack wages up in line with productivity that's something we haven't done for the past forty years labor has just not received its share of productivity consequently what we've had to do is we've had to rely on credit whether it be in the public sector or in the private sector to purchase all of the goods that we can produce it would be a...
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all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export to explain five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves . as we've been reporting earlier this hour violent clashes broken out in athens us angle of merkel the german chancellor is visit saying now economists say the only way out for greece is to accept losses and restructure that. what i've proposed is is the establishment of a berlin club in the emerging world you have the paris club when an emerging country gets into trouble what happens is the emerging country comes to the paris club with its creditors and they discuss and debate and they restructure the debt they haircut the debt they allocate losses to the creditors i think there should be a berlin club and the american should invite all of the developed country finance ministers and politicians to berlin they sit around a table and they start to haircut and allocate the losses around the table and in doing that i think you then star
all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export to explain five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves . as we've been reporting earlier this hour violent clashes broken out in athens us angle of merkel the german chancellor is visit saying now economists say the only way out for greece is to accept losses and restructure that. what i've...
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Oct 9, 2012
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there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know who is on tap today, but i do know that the gang has a lot of friends and allies and freelance members of the senate that come in and come out of meetings enjoying immense sum of these discussions. -- and joined in on some of these discussions. there have been meetings with stakeholders. i do not know if you would call them lobbyists, but business leaders, others that could provide input, and that is probably a good question to do some digging on, to see the role that lobbyists are playing because we know that tax l
there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know...
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Oct 2, 2012
10/12
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pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax. our income tax is 100 years old. in those 100 years we have had less than a handful of comprehensive reforms. so the notion we're going do that in a lame duck is insanity. it is going to be hard to do to begin with. i think we ought to acknowledge that. grease the skids as much as possible. extend current policy commit to doing tax reform and get it done in 2013 because it is part of what is necessary for us to thrive economically over the long term. >> can i make a comment on that? doug is really knocking down a straw man. nobody is suggestin
pairs with it fast tax legislation tax reform. it replaces the discretionary cuts across the board with longer term reductions in mandatory spending. it would be nice to see the senate come up with sending to go to conference and hammer this out. that is a way to do this. the tax reform, as i mentioned will be really hard. on february 3rd of next year, the 16th amendment, that is my birthday, so everyone write it down, the 16th amendment will be 100 years old. that's what gave us income tax....
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Oct 2, 2012
10/12
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time to go through the math of how the governor's budget plan works, and you can pay for it, and his tax cuts, i think he'll be hard-pressed to say that well i'll get back to you, i don't have time. i think the debate's going to be interesting and they're going to have to back up their statements. i think they'll be held to account for more than they've been held to account for as far as the facts and the details in this hour debate, hour and a half debate. >> it will certainly be fascinating. for now, thank you very much. >> thank you, piers. >>> here to break down all the debate strategy in tonight's battleground america, two "new york times" columnists on opposite sides. charles blow and ross dalfell. thank you both. i see you're already snarling across the newsroom. >> we're great friends. >> i don't want to hear that. >> he's my favorite conservative. >> no time for friends. let me start with you, ross. romney's got it all to play for, good and bad, depending on who you talk to. this is make or break time in a good or bad way. chris christie believes and i will quote here, i've seen
time to go through the math of how the governor's budget plan works, and you can pay for it, and his tax cuts, i think he'll be hard-pressed to say that well i'll get back to you, i don't have time. i think the debate's going to be interesting and they're going to have to back up their statements. i think they'll be held to account for more than they've been held to account for as far as the facts and the details in this hour debate, hour and a half debate. >> it will certainly be...
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romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% of federal spending in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stump speech. in a very smart analysis, npr pointed out romney has a five point stump speech. the first four points are actually identical to obama's stump speech. two, domestic energy, three,
romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which...
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bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy enormous deficits low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed do we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest. the chinese sound company is sowing president barack obama after he blocked the farm from building when farms in the u.s. on national security grounds and its lawsuits the firm says obama over a stepped his authority and after an unlawful manner was now give more perspective on the developing route with professor joseph chang of hong kong state university thanks for being with us here on our team first of all the one farm project is right next to u.s. military bases that test new drone so isn't a bomb in this case well within his rights to block the deal. well at least that from the chinese authorities p
bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy enormous deficits low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent that absolutely can be changed do we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest. the...
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Oct 8, 2012
10/12
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i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't know about you guys, but i'm thinking if it was my gut reaction and again, i was harshly critical of mitt romney and i'm a guy that worries first about debt and i always have. i heard mitt romney say i won't pass a tax cut that raises the deficit. sounds pretty much like the romney doctrine to me. that's what i took away from that debate. >> coming up, the mayor of chicago, rahm emanuel joins us. how chicago is going up against san antonio to see which city can get healthier, first. and up next, a new pbs documentary goes behind the scenes of the presidential campaigns for the person
i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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Oct 8, 2012
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romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle class. facebook.com/carolcnn. thanks for your comments and thanks for watching my show today. i am karen costello. "cnn newsroom" continues with ashley banfield. >>> hello, everybody. here is how we begin. the story of the house is the romney doctrine, the world according to the republican nominee for the president of the united states. mitt romney is laying out his foreign policy platform in just about 20 minutes from now and we have the live cameras trained at the virginia military institute. will you hear him as he takes to the mic and possibly a global audience. you will hear it here on cnn
romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle...
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Oct 2, 2012
10/12
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tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large secause the nation's biggest tax cuts all expire three months from now on new year's day. cludeinclude the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. e ny economists are concerned that a tax increase of that size could shock the ec
tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
WHUT (Howard University Television)
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Oct 6, 2012
10/12
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed ha
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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deposits in siberia and secondly for the existence of posts that are unprofitable under the current tax system but we've got to be able to explain five percent on top of that we will take steps to stimulate drilling of hard to reach reserves on the shelves as you can see. and this is how business likes to sour and in the next edition the movement with be here with you karen that's it from me all right thank you marina and coming up is the latest edition of peter lavelle's debate show cross talk that's in a few moments. motion would be soon which brightened if you move soon from phones to freshen it's. nice clean stunts on t.v. don't come. to music sigrid laboratory to mccurdy was able to build a new most sophisticated robot which all unfortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in the world this is why you should care only on the dog. while. cali just offers an air show and an issue. was a matter you. must have the residents never profit from the performances notion of coming or shouldn't get there when you look u
deposits in siberia and secondly for the existence of posts that are unprofitable under the current tax system but we've got to be able to explain five percent on top of that we will take steps to stimulate drilling of hard to reach reserves on the shelves as you can see. and this is how business likes to sour and in the next edition the movement with be here with you karen that's it from me all right thank you marina and coming up is the latest edition of peter lavelle's debate show cross talk...
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if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout to
if certain tax cuts are allowed to expire. the report says 90% of households would see higher federal taxes. you can learn more about the fiscal cliff and why it matters, go to our website: www.nbr.com. nokia is on track to team up with major software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's...
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Oct 8, 2012
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most powerful way to get us to a balanced budget is to grow the economy. that's why my tax plan, which is estimated to create 7 million jobs, will help us more than anything else to get to that balanced budget. >> sean: i know this was not about foreign policy last night. we have been following very closely on this program, the issue in benghazi, the death of our ambassador, the first time in 30 years, two navy seals. do you believe there is a coverup going on? >> well, sean, first, let me note my condolences and sympathy for the families of those who
companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most...
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the year twenty twenty that's according to the energy minister alexander novak and he told me that tax incentives will be provided for that year with just a minute first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system with cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves. now in the markets in the united states and downgrades of demand and earnings from alcoa and chevron are depressing and vestas and that's not even helped by the latest beige book report which showed that had ten out of twelve fed districts showed moderate growth in august and september over in europe we're also seeing a pretty gloomy mood at the close that says uncertainty. the remains of the spade and greece and in the currencies market we're seeing a drop of the dollar against the euro deepening after that beige book reports but that's actually a positive sign and the russian ruble as y
the year twenty twenty that's according to the energy minister alexander novak and he told me that tax incentives will be provided for that year with just a minute first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system with cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the...
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one, of course, is to raise taxes. number two is to cut spending, number three is to grow the economy. because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. i understand. the problem with raising taxes is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. megyn: he is talking about broadening the tax base, because if you lower the taxes, people have more money, they spend more money, the federal government takes in more. lou: it will is a result of the growth that it stimulates. but we have to put forward a very important caveat. this president has been in office ends 2009. he has not once performed at the tax code, has not once altered the direction of the tax, spending, and borrowing of the government. romney is talking about reversing all of that. truth is, megyn, without reducing spending and taking control of that defic
one, of course, is to raise taxes. number two is to cut spending, number three is to grow the economy. because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. i understand. the problem with raising taxes is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. megyn: he is talking about broadening the tax...
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Oct 6, 2012
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taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign acknowledged that tax cut would not be nearly 5 trillion dollars, it's something that the president repeated in cleveland. >> we put two wars a two tax cuts on a credit card. we didn't pay for them. now, mr. romney wants another 5 trillion dollars in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake. >> reporter: governor romney answering in the ad wars, as well. a new ad featuring melanie mack that mara that voted for president obama back in 20
taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign...
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Oct 9, 2012
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there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the bearish sentiment we've been seeing. >> susie: meanwhile, in this period of upcertainly, take a look at what some of the investment choices have been, saying less money, and small cap stocks going into etfs, real estate and cash. what are your thoughts on this? >> the advisors are keenly focused on providing liquidity and transparency for clients. at the same time they're doing that, they need to bring a little more income into the portfolio. so you're starting to see alternatives. register alternatives, and real estate investment trusts. >> this is the first time since we've been doing the survey w
there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the...
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Oct 2, 2012
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you want a poll tax? alisyn: thanks for the spirited debate. >> god bless you, alan, and all your confusion. alisyn: thank you, guys. >>> breaking developments at the u.s./mexico border. a manhunt now underway after two border patrol agents are shot and one is killed. and up next, sean manning is a soldier who was shot six times during the massacre at fort hood. now his wife is leading the charge to get her husband and others something called combat status. why this is so important to the victims and to their families and why she says the administration is fighting them on it. >>> and a horrifying moment caught on video when a skateboarder and a deer collide at high speeds. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest
you want a poll tax? alisyn: thanks for the spirited debate. >> god bless you, alan, and all your confusion. alisyn: thank you, guys. >>> breaking developments at the u.s./mexico border. a manhunt now underway after two border patrol agents are shot and one is killed. and up next, sean manning is a soldier who was shot six times during the massacre at fort hood. now his wife is leading the charge to get her husband and others something called combat status. why this is so...
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Oct 9, 2012
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for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn. apparently two-thirds of -- or possibly three quarters even of goldman sachs employees were supporting financially president obama going into that campaign where he was initially elected. this time around, it appears that 70% are putting their money behind mitt romney. i think it's the continual presentation of attacks on bankers, on the financial sector, the blame being attached to them for the global financial crisis. i think people on wall street and in the city of london for that matter are frankly just had enough of hearing this, the blame game. they're putting their money where their mouth is. and that's mitt romney
for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn....
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romney again said that he would eliminate the estate tax, the so-called death tax and went further as he has on occasion during this campaign to say that he would eliminate capital gains and interest in dividends taxes on the middle class. all in an attempt to spur the economy. shep. >> shep: carl, what's the thinking on governor romney's bounce in the polls since that first big debate? >> they are very pumped here. the romney campaign is quite excited. they say there is more to come. they're building and talking about their ground game, grassroots, 4 million people have been contacted here in ohio alone. 4 1/2 million. that's more than a third of the overall population. the polls have ticked up. romney has closed the gap, leading in some of the national polls, within the mar i didn't know of error, and in most of the battle ground states, he's either closed the gap and in a couple of cases, gone up by a point or two. these are swings in the polls. he's eliminated any bounce the president had gotten from his convention with the own bounce he got last week. with the vice presidential d
romney again said that he would eliminate the estate tax, the so-called death tax and went further as he has on occasion during this campaign to say that he would eliminate capital gains and interest in dividends taxes on the middle class. all in an attempt to spur the economy. shep. >> shep: carl, what's the thinking on governor romney's bounce in the polls since that first big debate? >> they are very pumped here. the romney campaign is quite excited. they say there is more to...
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Oct 5, 2012
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i forgot which one. >> the one with the payroll tax extension. the unemployment claim extens n extension. >> well, that's one and you no what he? if they were batting in the major leagues they'd be off the team right quick. we need to put job creation first. >> we all agree with that. we don't want to talk about the pipeline or the nlrb then, that's for sure. >> we can talk about any number of things including the fact that domestic energy production is way up under president obama. >> we heard about that in the debate in spite of instead of because of. >> not in spite of. the fact of the matter is president obama has reduced our dependence on foreign oil over these last few years, we've seen jobs created in the solar industry, in green industries. our state ranks fourth among the 50 states in terms of the number of jobs in the green sector so there are things we can and must do in order to make this recovery happen more quickly. but the fact of the matter is, not since 2005 have we had 30 months in a row of private sector job growth. we're seein
i forgot which one. >> the one with the payroll tax extension. the unemployment claim extens n extension. >> well, that's one and you no what he? if they were batting in the major leagues they'd be off the team right quick. we need to put job creation first. >> we all agree with that. we don't want to talk about the pipeline or the nlrb then, that's for sure. >> we can talk about any number of things including the fact that domestic energy production is way up under...
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that when the greeks are going to have a referendum on do they want to have those austerity to pay taxes to pay the bankers she said the problem with austerity is they're going to vote against bailing out the bakers we cannot afford democracy so she said we have to put in a technocrat a technocrat is a euphemism for a bank lobbyist like tim geithner is it a technocrat. and so they said we're going we have the european central bank are going to point a technocratic ruler what the romans called a proconsul to act on behalf of the banks you cannot vote that's what central bank independence is the government policy in your country and greece and spain and portugal is going to be controlled by the bankers bankers are independent of the political process and the european central bank are telling them what to do by what's gold can do to nowadays in other words we set the conditions on which we will be willing to bail out your banks so that your day and us who have all want money to them so we will lay down the can do it for you to us and that they great say wait a minute we don't want to pay yo
that when the greeks are going to have a referendum on do they want to have those austerity to pay taxes to pay the bankers she said the problem with austerity is they're going to vote against bailing out the bakers we cannot afford democracy so she said we have to put in a technocrat a technocrat is a euphemism for a bank lobbyist like tim geithner is it a technocrat. and so they said we're going we have the european central bank are going to point a technocratic ruler what the romans called a...
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Oct 10, 2012
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the wea
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> it is time. it is time for the "lightning round." on cramer's you say the name -- >> buy, buy, buy! >> sell, sell, sell! >> when i play this sound -- [ buzzer ] >> -- and then the "lightning round" is over. are you ready, skee-daddy? let's start with dave in michigan. dave? >> caller: hey, jim, big detroit tiger boo-yah to you. >> nice. good luck. what is up? >> caller: hey, jim, agnc. i've got it in my retirement fund, and it's been dropping like a rock. and they're saying it's because of qe3. what do you think? >> look, there are issues involving the fact that these particular mortgage real estate investment trusts should not do as well in this particular environment. i think the yield, i think the dividend could go down a little, i don't know. to me, this one and anna lee, they have navigated almost e
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> it is time. it is time for the "lightning round." on cramer's you say the name -- >> buy, buy, buy! >> sell, sell, sell! >> when i play this sound -- [ buzzer ] >> -- and...
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Oct 4, 2012
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are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ide
are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause,...
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about the germans carry you on your shoulders when you're too lazy and stupid as tax reform and make rules these are you going to put your. dreams yeah you. why. before with friends like that on the mainstream media who needs enemies angela merkel doesn't need to do anything she has us mainstream media pundits on her side that's absurd what we were on earlier is the way that the media in the us that we watch portrays the situation in greece first cover i don't even think that that. would want that i mean just a complete idiot like you're an idiot joe you're a complete retard sorry i mean what are you doing we're talking about i mean how do you go out and say things like that about a tire nation of people and set me just it's ridiculous but anyway beside the point . yeah we were talking about how the media misrepresents misunderstands greece entirely and i think that they like to take the put greece inside like a larger european union and say greece's problems are about austerity and it's something that we can relate to with other countries in europe but it's not i mean greece is its
about the germans carry you on your shoulders when you're too lazy and stupid as tax reform and make rules these are you going to put your. dreams yeah you. why. before with friends like that on the mainstream media who needs enemies angela merkel doesn't need to do anything she has us mainstream media pundits on her side that's absurd what we were on earlier is the way that the media in the us that we watch portrays the situation in greece first cover i don't even think that that. would want...
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the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. w
the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade....
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fourteen years of tax build socialism are put to the task and venezuela's hundreds of thousands of the council in support of the job as head of sunday's elections. watching r.t. coming to live from moscow eleven am in the russian capital. what began as a peaceful anti-war demonstration turned ugly in the turkish capital ankara after riot police moved in to disperse the crowd officers fired tear gas and used water cannons as well as smoke grenades against the activist with manny bystanders also getting caught up in the melee thousands also poured into the streets of assam bold to demonstrate against the policies of turkey's ruling party accusing it of singing to the tune of the u.s. the wave of popular discontent inspired by the parliament's approval process for a military action into syria which could pave the way to a full scale war war and that from artie's middle east correspondent policy or. they were chanting slogans that syria is all framed and that we are against war but they clash with police landed up fire. during rounds of tear gas at them more people are concerned that the b
fourteen years of tax build socialism are put to the task and venezuela's hundreds of thousands of the council in support of the job as head of sunday's elections. watching r.t. coming to live from moscow eleven am in the russian capital. what began as a peaceful anti-war demonstration turned ugly in the turkish capital ankara after riot police moved in to disperse the crowd officers fired tear gas and used water cannons as well as smoke grenades against the activist with manny bystanders also...
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Oct 2, 2012
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the tax regime is negative. we don't know how much it is going. valuations are in a zone of what i call fair, and we have election uncertainty. i'm looking for a change, but it doesn't look like the change i'm rooting for. >> your insights are always welcome on this program, mr. cooperman. thank you for coming up. >> thank you. >> joe, thank you for coming in. mark cuban will stick with us as well. it's not just the individual investor getting hurt. how high-speed trading affects the institutions. we'll hear from the ceo of liquid net. halftime will be right back. ov. small in size. big on safety. greetings from the people here sure are friendly but some have had a hard time understanding my accent. so to make sure people get every word of the geico savings message i've been practicing how to talk like a true chicagoan. switching to geico could save you hundreds of dollars on car insurance... da bears. haha... you people sure do talk funny. geico®. fifteen minutes could save you fifteen percent or more on car insurance. governor of getting it don
the tax regime is negative. we don't know how much it is going. valuations are in a zone of what i call fair, and we have election uncertainty. i'm looking for a change, but it doesn't look like the change i'm rooting for. >> your insights are always welcome on this program, mr. cooperman. thank you for coming up. >> thank you. >> joe, thank you for coming in. mark cuban will stick with us as well. it's not just the individual investor getting hurt. how high-speed trading...
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Oct 8, 2012
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when he said he didn't propose 5 million in tax cuts he was dishonest. he said to 70 million americans i will repeal obama care but i will still be able to cover people with preexisting conditions. 10 minutes after the debate he sent someone in he really didn't mean that. he said i want more teachers. i love teachers. it was a few weeks ago he chastised the president saying we don't need more teachers we don't need more government. yes i would say he was dishonest? >> would you go so far as he lied? >> i am saying he was dishonest with his answers. you can take that however you want. >> the romney campaign issuing their own attacks on the performance. gillespie said romney delivered facts the president couldn't. >> the problem we have is the debate performance wasn't a matter of style it was a matter of substance. romney laid out a plan for turning this economy around and getting things moving again. he had a fact based critique of president obama's failed policies that the president was unable to respond to. and today and since then the obama campaign t
when he said he didn't propose 5 million in tax cuts he was dishonest. he said to 70 million americans i will repeal obama care but i will still be able to cover people with preexisting conditions. 10 minutes after the debate he sent someone in he really didn't mean that. he said i want more teachers. i love teachers. it was a few weeks ago he chastised the president saying we don't need more teachers we don't need more government. yes i would say he was dishonest? >> would you go so far...
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bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy i'm normal stuff assists low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent should absolutely can be changed we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest political cartoonist and columnist have raul says americans are seeking a new policy vision for the nation. it's very hard to tell to see how mitt romney can overcome the lead in the key swing states that obama currently enjoys which considering the state of the economy over the last four years is say something about the ineptitude of the romney campaign now that said he did outperform expectations last night and you know he is still in the game if he continues to surge and does better in the future debates it's possible that despite vote will be able to turn against obama and go for romney you know
bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy i'm normal stuff assists low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent should absolutely can be changed we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest...
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Oct 8, 2012
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reason why is easy -- jobs and its taxes. but when you saw these doors open earlier today, thousands of people streamed in within minutes. obviously there is a lot of demand of what's going on here. they're here for one thing and one thing only -- that's to gamble. one-third of all the money made to penn national gaming goes back to the state and city in taxes. the city of columbus expects to get at least $15 million directly next year and that will go a long way. of course, interestingly when you spoke to t i spoke to the city's mayor today, he was just as focused on job creation. the city needed 3,500 workers to build it and 2,000 employees . >> the more jobs you have in a community, the more income there is to the city. >> ohio's considered a swing state. right? but unemployment here has been running well below the national average. we look at a few dealers doing their thing here. been below the national average for a while. looks like today a lot of people played hookie. at least 5,000 people have been here. there are a f
reason why is easy -- jobs and its taxes. but when you saw these doors open earlier today, thousands of people streamed in within minutes. obviously there is a lot of demand of what's going on here. they're here for one thing and one thing only -- that's to gamble. one-third of all the money made to penn national gaming goes back to the state and city in taxes. the city of columbus expects to get at least $15 million directly next year and that will go a long way. of course, interestingly when...
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our borrowing is going up, our deficit is going up because you've not got people at work paying tax. so there's been a right of myth for two years the only way to get the deficit down is through spending cuts and tax riders. the faster you go, the better. it's not worked in britain. and i'm afraid we're making a 1930 mistake all over again. >> it's easy their position to say this plan's not working, but the coalition with the conservative party with the junior partner very much sticking to plan a even these in some circles particularly in labor circles it's not proven to be particularly popular. and i think they'll try to play up his working class credentials because the leading conservative party very much has this posh boy image. lots of educated members of the cabinet. it's pretty hard for the average working class britt to at that time message from someone they perceive to be wealthy independently. >> not that they're putting necessarily any -- the thing is, you're 2, 2 1/2 years on out from an election, so in need for any policies. >> no, for quite some time. and the conservativ
our borrowing is going up, our deficit is going up because you've not got people at work paying tax. so there's been a right of myth for two years the only way to get the deficit down is through spending cuts and tax riders. the faster you go, the better. it's not worked in britain. and i'm afraid we're making a 1930 mistake all over again. >> it's easy their position to say this plan's not working, but the coalition with the conservative party with the junior partner very much sticking...
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taxes going up? >> no, i think there are -- i think they -- if they done go up in moderation that capital formation in the united states will change dramatically. >> it could be hurt if it goes up too much? >> well, that's why i was referring to the column because andrew wrote a column in which he was very insightful about the fact that, you know, it's a good time to buy high-end real estate in paris because everybody who lives there is running out the door. >> right. >> and by the way, there are implications in turn in the united states about the way this construct is going. because if you think about it for a minute, high tax states like new york, new jersey, connecticut, that's a lifestyle choice. >> right. people can like europe and say i'm going to london, i'm not paying these things, people can come and move out of new york. >> go to a different state. >> u.s. versus the rest of the world statement. i got a number of e-mails that said, and i think i mentioned in the column, if you move to paris
taxes going up? >> no, i think there are -- i think they -- if they done go up in moderation that capital formation in the united states will change dramatically. >> it could be hurt if it goes up too much? >> well, that's why i was referring to the column because andrew wrote a column in which he was very insightful about the fact that, you know, it's a good time to buy high-end real estate in paris because everybody who lives there is running out the door. >> right....
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he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into the camera and says hey, my plan does cover preexisting conditions. well that is just not true. it doesn't cover preexisting conditions for people who haven't had insurance before, which is a big part of the problem, literally millions and millions of people who would not be covered under his plan. >> bill: the one that really disappointed me to say the least, three times he came back to president obama has cut medicare benefits by $716 billion. >> yeah well there's -- there are a number of problems with that, starting with that it's not true. it's -- what he has done is they found savings on the p
he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into...
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the government can deny you tax-exempt status. even though it does involve your religious beliefs because there are some rules for the civil society and secular society and we are found on the principle that we get to have a organized non-chaotic government even if it does infringe on the religious belief as long as we are not targetting a religion a lot of what is going on with this birth control argument that the churches are wanting from the government have constitutional implications and with that i'm going to turn over to charlie who knows about that much more than i do. [applause] i don't know a darn thing about law. [applause] i and addressing this issue of women's economic rights to the right of contraceptive health care coverage in the light of the demands of religious liberty. so, some of the things we've talked about. in my judgment it's been understood in this country has been pointed out it's important but it can conflict with other rights. so therefore i also distinguish between religious liberty and the very strict
the government can deny you tax-exempt status. even though it does involve your religious beliefs because there are some rules for the civil society and secular society and we are found on the principle that we get to have a organized non-chaotic government even if it does infringe on the religious belief as long as we are not targetting a religion a lot of what is going on with this birth control argument that the churches are wanting from the government have constitutional implications and...
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Oct 10, 2012
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versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a
versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are...